Analysis Today TheBitTimes.com

Since February 2024, Bitcoin (BTC) has traded in a price range between $60,000 and $72,000, with two deviations. This has carved a mostly neutral momentum for the leading cryptocurrency, now seeing its trading and transaction volume fade away. Finbold retrieved data from Santiment on June 2 showing both metrics with the BTC price, currently at $68,100. In particular, the seven-day trading volume plummeted below $14 billion to the same level as 2023, when Bitcoin traded below $30,000. Moreover, the chart evidences a lack of interest in Bitcoin trading and on-chain transaction volume s, with the second remarkably low. As observed, the network registered only 722,000 BTC moved in seven days. This contrasts with the 1.79 million BTC in October 2023, with a similar trading volume and half the price. Picks for you Economic meltdown imminent...

There has been a lot of talk about highly successful – and often suspiciously successful –  stock market trades made by U.S. elected officials.  Looking at the profits of various members of Congress, this is hardly surprising as, for example, Representative Brian Higgins had a return on investment higher than 200% in 2023, while Representative Nancy Pelosi made ten times her annual salary within four months on a single stock. Still, not all Congresspeople have the same uncanny talent – or uncanny access to insider information as some, including the “Wolf of Wall Street” Jordan Belfort would suggest – and Democrat Sri Thanedar, representing Michigan’s 13th congressional district, might have recently made the worst-timed trade of 2024 out of all his peers. Picked for you Machine learning algorithm predicts SHIB price on March 31, 2024 50 mins ago Avoiding common pitfalls: Essential tips for new trade rs 3 hours ago Crypto open inte...

Key takeaways BTC continues to trade around $62k as it closes in on its all-time high price. Bitcoin Dogs’ presale will end in 12 days and has already raised over $6.3 million Bitcoin eyes its all-time high price of $69k The crypto market was bullish this week, adding 20% to its value in the last seven days as it raced to the $64k level. Thanks to this week’s rally, BTC is now closing in on its all-time high price of $6k At press time, the  price of Bitcoin stands at $61,911, down by 1% in the last 24 hours. If BTC continues its rally, it could set a new all -time high price in the coming days or weeks.  The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $65k if the bulls remain in control.  What is Bitcoin Dogs? Bitcoin Dogs could be one of the biggest beneficiaries as BTC continues to rally towards its all-time high price. It is a unique project that is launching on the...

Cryptocurrency traders usually consider price the leading index for past analysis and future projections. However, tokenomics and supply inflation can drastically impact the price of any asset, and crypto investors can use the market cap as a demand index to evaluate these effects. In this context, Finbold looked at Ethereum (ETH) tokenomics from a capitalization perspective. Public market data from cryptocurrency indexes can demonstrate the effects of increased supply inflation on Ethereum. We calculated the exact price ETH would trade if it ever hits the all-time high market cap. An inflationary supply requires more demand to maintain its value over time. These two factors determine whether a cryptocurrency’s price rises or falls. Ethereum, with its unique tokenomics design, is a prime example of this dynamic. Ethereum had an all -time high market cap of $575.899 billion on November 10, 2021, according to TradingView ’s CRYPTOCAP index. Meanwhile, Ether trade d for as high as $...